A deliberate design feature of Bitcoin is that it enables users to buy or sell anything without revealing their identity. Yet, paradoxically, all Bitcoin transactions are stored publicly and permanently on blockchain. Now, as seen in recent cases, enterprising...

On 5 September 2019, the German Federal Government has proposed an amendment to the German Banking Act (KWG) which clarifies German licence requirements for cross-border own account trading (Eigengeschäft) by non-EEA entities. As such, the proposal is in particular...

As we look ahead to the start of the new European Commission's term on 1 November, now is a good time to take stock of upcoming implementation challenges for firms under EU financial services legislation, as well as to review possible future legislation.
The...

The horizon scanner identifies and summarises key EU legislative and non-legislative initiatives that are likely to impact firms providing financial services in the EU, grouped thematically.
It also sets out projected timelines for the finalisation and implementation...

The Luxembourg law of 13 January 2019 on the register of beneficial owners (the "RBE Law") has been published in the Mémorial A on 15 January 2019 and entered into force on 1 March 2019. The RBE Law implements the transparency requirements of article...